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IFSCA Grade A Exam Date 2024, Know Dates for Phase 1 & Phase 2

Last updated on 28-Mar-2024

IFSCA Grade A Exam Date

IFSCA Grade A Exam Dates has been released along with the official notification. Aspiring candidates must be aware of the exam dates of all the stages of the IFSCA Grade A examination. For the exact Phase 1 Exam Date, Phase 2 & Interview Exam Dates, a separate notice is released on the official website of IFSCA.

IFSCA Grade A Exam Date 2024 - Overview

It is very essential to have a complete overview of the exam before moving on to the IFSCA Grade A Exam Dates. Below are the basic details for the IFSCA Grade A Exam. 

ParticularsDetails
Exam NameIFSCA Grade A Exam 2024
PostAssistant Manager
Educational QualificationGraduation/ Post Graduation
Selection ProcessPhase 1, Phase 2 & Interview
Application FeesRs. 1000 for General/OBC/EWS and Rs. 100 for SC/ST/PWD
Official WebsiteIFSCA

IFSCA Grade A Exam Date 2024

The important dates along with the IFSCA Grade A Exam Dates 2024 are mentioned in the table below:

EventsExam Dates (2024)
IFSCA Grade A Admit Card To be Updated
IFSCA Grade A Exam Date Phase-1May/June 2024
IFSCA Grade A Exam Date Phase-2June/July 2024
IFSCA Grade A InterviewTo be Updated

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IFSCA Grade A Exam Pattern 2024

IFSCA Grade A Recruitment will be conducted in the following 3 phases-

  1. Phase 1: Online Exam (Preliminary)
  2. Phase 2: Online Exam (Mains)
  3. Phase 3: Interview

The following is the exam pattern for the online exams:

IFSCA Grade A Phase 1 Exam Pattern 2024

Check the pattern below in detail:

PaperStream/SubjectsMaximum MarksDurationCut Off
Paper 1Multiple choice questions:
(a) General Awareness (financial sector) -25 questions X 1 mark each
(b) English language –25 questions X 1 mark each
(c) Quantitative Aptitude –25 questions X 1 mark each
(d) Test of Reasoning-25 questions X 1 mark each
10060 minutes30%
Paper 2For General Stream
Multiple choice questions on General knowledge, Current events of national and international importance, Economic and social development (sustainable development, poverty, inclusion, and demographics), Commerce, Accountancy, Management, Finance and costing, Indian Economy, Global Economy, Five-year plans, Central Government's initiatives/ Schemes in the financial sector. (50 questions X 2 marks each) 
10060 minutes40%
Paper 2Legal Stream
Multiple choice questions on Specialized subject related to stream
10060 minutes40%
Aggregate Cut-Off - -40%
  1. There shall be negative marking (1/4th of marks assigned to the question) for Paper 1 and Paper 2 in Phase I.
  2. There shall be a cut-off of a minimum of 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of a minimum of 40% for Paper 2 in Phase I.
  3. Candidates would need to secure a separate cut-off in each paper as mentioned as well as aggregate cut-off marks of 40% in the Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for the Phase II examination process and will not be counted for the final selection of the candidates.

IFSCA Grade A Phase 2 Exam Pattern 2024

The mains exam will be divided into two papers i.e. Paper 1 & Paper 2. Check out the detailed exam pattern below:

PaperStreams/SubjectsMaximum MarksDurationCut OffWeightage
Paper 1English (Descriptive Test)
(a) Precis Writing – 35 marks
(b) Essay writing – 30 marks 
(c) Comprehension- 35 marks
10060 minutes30%1/3rd
Paper 2Multiple choice questions on subjects like IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres etc. (50 questions X 2 marks each) 10060 minutes40%2/3rd
Paper 2Legal Stream
Multiple choice questions on Specialized subject related to stream
10060 minutes40%2/3rd
Aggregate Cut-Off -40%
  1. There shall be a negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
  2. Candidates would need to secure separate cut-offs in each paper as mentioned and aggregate cut-off marks of 40% in the Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.
  3. Subject to the criteria mentioned above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview. A list of candidates shortlisted for Interviews will be made available on the IFSCA website.

IFSCA Grade A Interview 2024

Only the shortlisted candidates will be called for the interview. The application fee shall not be refunded to the candidates not shortlisted for Phase II and Interview. The weightage of marks obtained in Phase II will be 85%, while marks obtained in the interview shall be given a weightage of 15%.

 

FAQs

Q1. Is IFSCA Grade A Notification 2024 Out?

Yes, the IFSCA Grade A Notification 2024 is out on 27th March 2024.

How many vacancies are announced in IFSCA Grade A Notification 2024? +

The vacancies for IFSCA Assistant Manager Recruitment 2024 are 10. Out of these 10 vacancies, 8 vacancies are for General Stream and rest 2 vacancies are for Legal Stream.

What is the age limit for IFSCA Assistant Manager Recruitment 2024? +

The maximum age limit for IFSCA Assistant Manager Recruitment 2024 is 30 years.

When will the IFSCA Grade A Admit Card 2024 be made available? +

The IFSCA Grade A Admit Card 2024 are usually made available 10 days before the exam.

What is the application fees for IFSCA Grade A 2024? +

The application fees for IFSCA Grade A 2024 for UR/OBC/EWS is ₹1000/- and for SC/ST is ₹100/-.

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